UAE Introduces 5-Year Residency Visa for Retirees Over 55

The UAE has announced new rules for retired residents, including a 5-year residency visa for expatriates aged 55 and above.

Who Can Apply?
To qualify for this visa, applicants must:

• Be 55 years old or older.
• Have worked for at least 15 years (inside or outside the UAE).
• Meet one of these financial requirements:
  • Own property worth at least AED 1 million.
  • Have savings of at least AED 1 million.
  • Earn a monthly income of at least AED 20,000 (or AED 15,000 in Dubai).
• Provide a bank statement for the last 6 months.

Visa Validity and Renewal
This visa is valid for 5 years and can be renewed if the applicant continues to meet the requirements.

How to Apply
Applicants can apply online through the ICP website or the UAEICP smart app. Steps include:

1. Log in with UAE Pass.
2. Choose UAE ID and residency services.
3. Update your details and pay the required fees.
4. Receive your ID card via approved delivery services.

Special Rules for Retirees in Dubai
Dubai offers additional options for retirees:

1. Have an annual income of AED 180,000 (or AED 15,000 monthly).
2. Save AED 1 million in a fixed deposit for 3 years.
3. Invest in property worth AED 1 million (no mortgage).
4. Combine savings and property investment totaling AED 1 million, with at least AED 500,000 in each.

These programs make it easier for retirees to enjoy their post-retirement life in the UAE with security and flexibility.